We have a tax document that looks real, shows no tax, and implies he may have owed no tax for up to 20 years.

You spout sheer nonsense; there is no such valid document. There is an illegal tax return dating back to 2005 that indicates his tax losses could be carried forward for up to twenty years, BY LAW. There is no evidence he ever did so. Just leftist media bullshiit.

The 2005 return was confirmed real by the WH and said he paid $38M tax on $150M income and is beleived to have been "leaked" by Rump himself and have income much higher than normal years.

The document I was talking about is from 1995 and shows a loss of almost $1B, which could be applied against any profits for 20 years. Rump basically confirmed it was authentic in one of the debates.

We have a tax document that looks real, shows no tax, and implies he may have owed no tax for up to 20 years.

You spout sheer nonsense; there is no such valid document. There is an illegal tax return dating back to 2005 that indicates his tax losses could be carried forward for up to twenty years, BY LAW. There is no evidence he ever did so. Just leftist media bullshiit.

The 2005 return was confirmed real by the WH and said he paid $38M tax on $150M income and is beleived to have been "leaked" by Rump himself and have income much higher than normal years.

The document I was talking about is from 1995 and shows a loss of almost $1B, which could be applied against any profits for 20 years. Rump basically confirmed it was authentic in one of the debates.

But Mark, that document did not indicate the amount of taxes he paid. All that shows is that tax losses can be spread across several years, an incentive provided by law.

But Mark, that document did not indicate the amount of taxes he paid. All that shows is that tax losses can be spread across several years, an incentive provided by law.

Trump did nothing wrong, except lose money.

It shows a $1B loss and you only pay tax on profit, so there could be no tax due on that return, and that loss could be applied to future profits.

It's perfectly legal. We were talking about the millions he pays in taxes and I was just pointing out that the number is probably much smaller than you're thinking.

This points to another aspect of US tax law, the rates means almost nothing because nobody pays them. In 1944 the top rate was 94% on paper, but there were deductions for the number of breathes you took....our corporate rate is 39, the effective rate is about 27...unless you're a huge corporation then it's signal digit. For wage earners like me though, we pay much closer to the published rate.....